Market Insanity

A Brief Guide to Diagnosing the Madness in the Stock Market

Business & Finance, Finance & Investing, Investments & Securities
Cover of the book Market Insanity by Michael Taillard, Elsevier Science
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Author: Michael Taillard ISBN: 9780128131169
Publisher: Elsevier Science Publication: March 6, 2018
Imprint: Academic Press Language: English
Author: Michael Taillard
ISBN: 9780128131169
Publisher: Elsevier Science
Publication: March 6, 2018
Imprint: Academic Press
Language: English

Market Insanity: A Brief Guide to Diagnosing the Madness in the Stock Market is an engaging and accessible primer which applies modern behavioral finance to equity markets. It helps readers understand how logical investment decisions can be betrayed by what Taillard calls "the insanity," all those behavioral quirks which cause us to achieve less than optimal utility. The book describes how limited information, habit, the rules of the game, asymmetric information and ego blend together in potentially toxic ways in market environments, thus creating bubbles, stock runs, and more prosaically, even ‘normal’ equity prices.

In addition, the book discusses the implications of these behaviors in-depth. In so doing, it helps the reader to not only predict the madness within equity markets, but also helps them develop solutions that address and mitigate outcomes.

  • Provides detailed and accurate descriptions of the most relevant behavioral anomalies for finance
  • Entertainingly written by a veteran consultant with 15+ years experience helping companies explain anomalous finance behavior in non-economic language
  • Shows how educated finance professionals can use behavioral insights to help build finance solutions
  • Addresses the implications for equity markets in deviations from rationality paradigms
  • Draws on a vast range of literature in explaining anomalous behavior, including economic psychology, economic psychology, evolutionary psychology, anthropology and animal behavior
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Market Insanity: A Brief Guide to Diagnosing the Madness in the Stock Market is an engaging and accessible primer which applies modern behavioral finance to equity markets. It helps readers understand how logical investment decisions can be betrayed by what Taillard calls "the insanity," all those behavioral quirks which cause us to achieve less than optimal utility. The book describes how limited information, habit, the rules of the game, asymmetric information and ego blend together in potentially toxic ways in market environments, thus creating bubbles, stock runs, and more prosaically, even ‘normal’ equity prices.

In addition, the book discusses the implications of these behaviors in-depth. In so doing, it helps the reader to not only predict the madness within equity markets, but also helps them develop solutions that address and mitigate outcomes.

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